Bledsoe Corporation has provided the following data for the month of November: Inventories Raw materials Work in process Beginning $ 25,100 $ 17,100 $ 48,100 Ending $ 21,100 $ 10,100 $ 56,100 Finished Goods Additional information: $ 72,100 $ 92,100 $ 42,110 $ 4,010 $ 41,100 Raw materials purchases Direct labor cost Manufacturing overhead cost incurred Indirect materials included in manufacturing overhead cost incurred Manufacturing overhead cost applied to Work in Process Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. Required: Prepare a Schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold. Complete this question by entering your answers in the table below. Schedule of Schedule of COGS COGM ................. .................................... Prepare a Schedule of Cost of Goods Sold. BLEDSOE CORPORATION Schedule of Cost of Goods Sold Beginning finished goods inventory Cost of goods available for sale Unadjusted cost of goods sold Adjusted cost of goods sold $
Bledsoe Corporation has provided the following data for the month of November: Inventories Raw materials Work in process Beginning $ 25,100 $ 17,100 $ 48,100 Ending $ 21,100 $ 10,100 $ 56,100 Finished Goods Additional information: $ 72,100 $ 92,100 $ 42,110 $ 4,010 $ 41,100 Raw materials purchases Direct labor cost Manufacturing overhead cost incurred Indirect materials included in manufacturing overhead cost incurred Manufacturing overhead cost applied to Work in Process Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. Required: Prepare a Schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold. Complete this question by entering your answers in the table below. Schedule of Schedule of COGS COGM ................. .................................... Prepare a Schedule of Cost of Goods Sold. BLEDSOE CORPORATION Schedule of Cost of Goods Sold Beginning finished goods inventory Cost of goods available for sale Unadjusted cost of goods sold Adjusted cost of goods sold $
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Transcribed Image Text:Bledsoe Corporation has provided the following data for the month of November:
Ending
$ 21,100
$ 10,100
$ 56,100
Inventories
Beginning
$ 25,100
$ 17,100
$ 48,100
Raw materials
Work in process
Finished Goods
Additional information:
$ 72,100
$ 92,100
$ 42,110
$ 4,010
$ 41,100
Raw materials purchases
Direct labor cost
Manufacturing overhead cost incurred
Indirect materials included in manufacturing overhead cost incurred
Manufacturing overhead cost applied to Work in Process
Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold.
Required:
Prepare a Schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold.
Complete this question by entering your answers in the table below.
Schedule of
Schedule of
COGM
COGS
Prepare a Schedule of Cost of Goods Sold.
-....................................................... ...................
BLEDSOE CORPORATION
Schedule of Cost of Goods Sold
Beginning finished goods inventory
Cost of goods available for sale
Unadjusted cost of goods sold
Adjusted cost of goods sold
$
Transcribed Image Text:Inventories
Raw materials
Work in process
Beginning
$ 25,100
$ 17,100
$ 48,100
Ending
$ 21,100
$ 10,100
$ 56,100
Finished Goods
Additional information:
$ 72,100
$ 92,100
$ 42,110
$ 4,010
$ 41,100
Raw materials purchases
Direct labor cost
Manufacturing overhead cost incurred
Indirect materials included in manufacturing overhead cost incurred
Manufacturing overhead cost applied to Work in Process
Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold.
Required:
Prepare a Schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold.
Complete this question by entering your answers in the table below.
Schedule of
Schedule of
COGM
COGS
Prepare a Schedule of Cost of Goods Manufactured.
BLEDSOE CORPORATION
Schedule of Cost of Goods Manufactured
Direct materials:
Total raw materials available for use
Raw materials used in production
Direct materials used in production
Total manufacturing costs added to production
Total manufacturing costs to account for
Cost of goods manufactured
$
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